Redmond Gets a Boost

Standard & Poor’s has upgraded its rating and underlying rating for Redmond general obligation bonds to AAA from AA.

The newly gilt-edged rating was then assigned to the city’s $34.1 million of 2008 limited-tax GOs, which fund road improvements, and its $1.3 million series 2008 unlimited-tax GOs, which refunded outstanding 1994 bonds.

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